153.60 +0.72 (0.47%)
After hours: 7:29PM EDT
|Bid||153.30 x 1000|
|Ask||153.60 x 900|
|Day's Range||147.06 - 155.10|
|52 Week Range||124.46 - 292.76|
|Beta (3Y Monthly)||2.50|
|PE Ratio (TTM)||28.86|
|Earnings Date||Aug 15, 2019|
|Forward Dividend & Yield||0.64 (0.47%)|
|1y Target Est||183.42|
Volvo and Nvidia announced a new partnership today aimed at developing thenext-generation decision-making engine for Volvo Group's fully autonomouscommercial trucks and industrial service vehicles
Recently, there has been significant turmoil surrounding the electronics component sector, specifically in wireless equipment and semiconductors. This was mostly due to the US blacklist of Huawei in May, coupled with increased US-China trade war tensions.
Nvidia Corp. and Volvo Group team up to go against the likes of Tesla Inc., Alphabet Inc. and others developing the commercial vehicles of the future.
The Volvo Group and Nvidia Corporation (NASDAQ: NVDA) have announced a joint partnership to develop artificial intelligence (AI) for self-driving trucks. Work will begin immediately in Gothenburg, Sweden and Santa Clara, California. The announcement comes a week after Volvo, the world's second-largest truck maker after Daimler, said its self-driving truck "Vera" would begin transporting goods from a logistics center to a port terminal in Gothenburg in collaboration with logistics firm DFDS.
is proving why it's one of the leaders in the autonomous driving movement. As Nvidia CEO Jensen Huang explained on a media conference call on Tuesday, the deal is the company's first end-to-end A.I. development, simulation and in-car partnership.
In the latest AI news, Nvidia (NASDAQ:NVDA) has partnered up with Volvo in order to develop the next generation in self-driving vehicles in the form of autonomous commercial trucks and industrial service vehicles.Source: Nvidia The partnership among the two companies will use Nvidia's Drive artificial intelligence platform, which combines processing data from sensors, perception systems, localization, mapping and path prediction, as well as planning. Volvo has already developed some freight vehicles with autonomous technology in early service, but these are only being deployed in very controlled environments and operate in a supervised manner at the Swedish port of Gothenburg.Nvidia and Volvo decided to team up in order to help test and deploy a number of autonomous vehicles with AI decision-making features on board, while also ensuring that these commercial vehicles are able to operate on their own on public roads and highways.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe two businesses are making the move for more than just transporting freight as they are hoping to build autonomous systems and vehicles capable of handling garbage and recycling pickup. Plus, they are aiming to create vehicles that can operate on construction sites, at mines, as well as in the forestry industry.Nvidia revealed on its blog that the solution will help to address increasing demand for global shipping, which has been driven by a higher demand for consumer package delivery.NVDA stock is up 5.7% on Tuesday. More From InvestorPlace * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 5 Stocks to Buy for $20 or Less Compare Brokers The post AI News: Nvidia (NVDA), Volvo Team Up on Self-Driving Trucks Project appeared first on InvestorPlace.
Chip stocks climbed higher on Tuesday on a surge of optimism over a possible trade deal between the U.S. and China. President Trump wrote in a tweet that he and China's President Xi Jinping will meet next week at the G20 summit in Japan, and that the two had "a very good telephone conversation" ahead of the summit, which begins on Jun.
Semiconductor stocks have spiraled upwards today. The VanEck Vectors Semiconductor ETF (SMH) is up 4.6% currently, while the iShares PHLX SOX Semiconductor ETF (SOXX) is up 4.9%. Though trade war concerns remain, some stocks like NVIDIA might be undervalued due to their recent declines.
Nvidia is teaming up with Volvo, the world’s second-largest commercial truck manufacturer, to develop self-driving capabilities for a range of commercial vehicles.
Micron's (NASDAQ:MU) situation continues to deteriorate. With its margins waning and its revenue and profitability falling, MU stock price has fallen meaningfully from its highs. Just two months ago in April, Micron stock was trying to break out and exceed $45. What happened?Source: Shutterstock While the trade war was seemingly heading towards a friendly resolution a few months ago, a tweet from President Trump sent those assumptions down the drain. The tweet sank the stock market, as the PowerShares QQQ ETF (NASDAQ:QQQ) calmly shed 11.5% in the month of May.However, it's had a much more devastating impact on semiconductors, chip makers and memory producers. For instance, Nvidia (NASDAQ:NVDA) tumbled more than 23% in May, MU stock dropped almost 26% from peak to trough and Lam Research (NASDAQ:LRCX) dropped roughly 18%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Stocks to Buy for $20 or Less Comments that Broadcom (NASDAQ:AVGO) made in conjunction with its second-quarter results didn't help. On Thursday evening, the chip maker said it expects first-half headwinds to persist in the second half of the year, after previously expecting them to lift. That caused Broadcom to issue full-year revenue guidance that was well below analysts' average estimate ($22.5 billion vs. $24.31 billion), inflicting even more pain on the group. What About the Valuation of Micron Stock?Too many people look at MU stock and assume it's a buy because of its low valuation. Many understand how price-earnings (P/E) ratios work, but some don't. They see Micron stock trading at four or five times its earnings and say, "That's a buy to me!"What they don't consider is the very basic equation of the P/E ratio. Quite simply, the ratio is price divided by earnings. When a company's stock falls and its earnings stay flat, its valuation or P/E ratio falls, making it more attractive. However, when companies' earnings fall, their stocks become more expensive.When both price and earnings fall -- which is what's been happening to Micron -- the company's P/E can remain almost constant. Last July, MU stock was trading at almost $60. Analysts' average estimate called for earnings of almost $12 per share during the fiscal year, giving MU stock a forward P/E ratio of about five. Fast forward to June 2019 and the forward consensus earnings estimate has cratered almost 50%, down to $6.35 per share. So, too, has the stock price, which is also down almost 50%.That's not surprising. The decline in estimates, in conjunction with the decline of MU stock, has kept the P/E ratio relatively constant. Thus, MU stock isn't that much cheaper now than it was in the past. Micron's Underlying BusinessNAND memory is a component of Micron's business, making up roughly 30% of its total revenue last quarter. However, another form of memory, DRAM, is the largest piece of MU's pie, making up 64% of its total revenue.Micron's President and CEO, Sanjay Mehrotra, said this about NAND and DRAM:"NAND markets remain oversupplied from the acceleration in bit growth driven by the industry transition to 64-layer 3D NAND. Although fiscal Q2 pricing came in below our expectations, we are optimistic that demand elasticity and seasonal trends will support improving demand growth in the second half of the calendar year.Since our last earnings call, DRAM pricing weakened more than expected. Our demand outlook for calendar 2019 has moderated, led by somewhat greater levels of customer inventory, weakening server demand at several enterprise OEM customers and worse-than-expected CPU shortages."Other executives have made unfavorable observations about memory:Anthony Neri, president and CEO of Hewlett Packard Enterprise (NASDAQ:HPE): "So the overall commodity environment continue to be favorable and there is an oversupply now compared to last year's as you recall there was shortages and costs going up. The DRAM prices are down."Dion Weisler, CEO of HP Inc (NASDAQ:HPQ): "I think broadly speaking, we have seen some easing around the overall supply chain costs in the basket of commodities and logistics."Kelly Kramer, CFO of Cisco Systems (NASDAQ:CSCO), also said the company was benefiting from reduced DRAM prices. Trading MU Stock Click to EnlargeMicron's price action was very discouraging last week , with MU stock topping out near $36. It's now down about 8% from those levels.If MU stock falls below Friday's lows, it could be in some trouble. Those lows buoyed Micron stock in late May and early June. If they can't do so now, then MU stock could tumble to $30. If the selling pressure doesn't relent, it could continue even lower.Now that semis and tech have caught a bid, see if Micron can hurdle $34 and its 20-day moving average. Otherwise, Micron stock looks risky on the long side in the short-term, particularly with a percolating trade war.With all that said, Micron is a boom-bust company. When its business is tough -- like now -- the ride is rough for investors. When its business is good -- and it eventually will be -- MU stock will be a huge winner. Even if MU slides further from here, it will likely be a good hold over the long term. DRAM and NAND aren't going anywhere, and neither is MU stock.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post Should Micron Stock Be Bought or Sold? appeared first on InvestorPlace.
When you first start learning how to read stock charts, it can be a little intimidating. But you can quickly get up to speed with this new series on Chart Reading For Beginners.
Goldman Sachs’ chief US equity strategist, David Kostin, thinks that “rising market concentration” and geopolitical tensions pose a “regulatory risk” to companies, which could harm their fundamentals.
Unless there's a negative update about another escalation in the US-China trade war, the expected rate cut decision could trigger market-wide buying, including in tech stocks, in the near term.
Sweden's AB Volvo is joining forces with Nvidia Corp to develop artificial intelligence used in self-driving trucks, in a boost for the U.S. chipmaker that was dropped by Tesla Inc last year. The agreement announced on Tuesday by Nvidia and Volvo, the world's second-biggest truckmaker after Daimler AG, is a long-term partnership spanning several years.
Intel (NASDAQ:INTC) stock is cheap. The Intel stock price sits at just over 10 times earnings. Combined with a 2.7% dividend yield, there's a value case for INTC stock at current levels.Source: Shutterstock But I've been skeptical about that case for some time -- and recent developments don't change my mind. Fundamentally, Intel stock looks cheap. As a business, however, there are plenty of reasons why that is, and should be, the case. Fundamental Concerns for INTC StockIntel stock was rolling not all that long ago. As of mid-April, the Intel stock price had risen nearly 30% in 2019 alone. And then first-quarter earnings sent the stock plummeting. INTC stock dropped 9%, wiping out some $23 billion in market value. * 7 Top-Rated Biotech Stocks to Invest In Today The catalyst was reduced guidance for 2019. Analysts and investors had been looking for a rebound in the second half of the year, after what looked like an early-year pause in datacenter spending. Intel's guidance undercut that case.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIntel followed up a little over two weeks later with its three-year outlook -- and that, too, disappointed. Intel is looking for flat sales in PCs -- which investors might see as overly optimistic. Gross margins are going to be pressured amid Intel's 10nm ramp. Three-year revenue growth, on the whole, even with double-digit growth in datacenter, is supposed to be in the low single digits.It's worth remembering that in both cases, INTC stock fell -- and not because of investor overreactions. The guidance is coming from Intel itself and, in combination, it suggests that Intel's growth is going to be rather meager for three years. Cyclical semiconductor stocks with minimal growth aren't going to see big earnings multiples, which, alone, suggests that the Intel stock price at least is in the right ballpark. How Many Mistakes?There's a broader problem with the disappointing guidance, however. It's difficult for investors to trust Intel at this point, after a series of missteps. As Dana Blankenhorn pointed out last month, Intel is four years late in 10nm; Taiwan Semiconductor (NYSE:TSM) already is at 7nm.Last year, it was discovered its chips were susceptible to hackers. This year, chip shortages have put its datacenter lead at risk, allowing Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) to take share in a market that Intel once dominated.In CPUs, Intel seems at risk as well. AMD's new Ryzen line has been a hit. Intel's shortages are frustrating customers like Dell Technologies (NASDAQ:DELL). Intel's long dominance in PCs may have allowed it to rest on its laurels; it does not, at the moment, have an answer for AMD's rise.So, can investors trust that PC revenue is going to stay flat -- when AMD clearly is taking market share? Is datacenter revenue going to rise double-digits every year when Intel can't keep up with even slower demand? Guidance was disappointing -- and it looks far from certain Intel will be able to even meet its projections.The fundamentals don't look great. The qualitative aspects look even worse. Nvidia and, in particular, AMD clearly are taking share. Intel not only doesn't have an answer right now, it actually seems to be shooting itself in the foot. Given trade war concerns and overall chip weakness, there are plenty of reasons for investors to be worried. The Intel Stock Price Can Get CheaperAll told, it's not a surprise that Intel stock has fallen so far. Indeed, it wouldn't be surprising if Intel stock fell further. 2019 expectations clearly are at risk. 2020 and 2021 growth doesn't look particularly impressive. In a chip space with no shortage of cheap stocks -- think Broadcom (NASDAQ:AVGO) and Qualcomm (NASDAQ:QCOM), to name two -- INTC hardly looks like an attractive pick. * 10 High-Yield Monthly Dividend Stocks to Buy Admittedly, that could change. But it requires that Intel start fixing its mistakes -- and start improving its products. It seems we're still a ways off on both fronts. Until then, INTC is likely to trade sideways at best.As of this writing, Vince Martin has a bullish options position in Dell Technologies. He has no positions in any other securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post Repeated Mistakes Are Bound to Haunt Intel Stock appeared first on InvestorPlace.
SANTA CLARA, Calif., June 17, 2019 -- NVIDIA today announced that it has named Donald Robertson as vice president and chief accounting officer, reporting to Colette Kress,.
The DGX SuperPOD consists of 96 Nvidia DGX-2H supercomputers, making the DGX SuperPOD the world's 22nd-fastest supercomputer. Some may wonder why we're not talking about a top-five or top-ten supercomputer announcement, but that would be missing the point. For starters, 22 of the world's top 25 most powerful supercomputers are powered by Nvidia's GPUs.
Immigration is an important driver of the United States technology industry – without immigrants, it’s not quite clear that many of the biggest tech companies would have been started. While immigrants make up less than 15% of the nation’s population, they started one out of four new tech businesses over the last couple of decades.
Nvidia's full stack of AI and HPC software will be made available to the Arm ecosystem by the end of 2019, the company said. The stack will include all CUDA-X AI and HPC libraries, GPU-accelerated AI frameworks and software development tools like PGI compilers with OpenACC support and profilers. The announcement is the result of 10 years of collaboration between Nvidia and Arm-based HPC systems.